Banking on the regional draw of outdoor retail giant Cabela's, developers have been planning more than 100 acres of
hotels, a water park, restaurants and other retail space for the southwest corner of Interstate 65 and County Line Road. All
that changes now. The Nebraska-based retailer has put the proposed Greenwood store on hold indefinitely, thanks to a rough
quarter and a bleak economic outlook. “It’s a big blow to Greenwood,� said Mark Perlstein, a partner with locally based
Sitehawk Retail Real Estate. “It takes a huge amount of momentum away from that intersection.� The decision comes on the
heels of local retail closings, followed by more closings. And Perlstein says more could be coming: Pier One plans to close about 100 stores nationwide;
Ann Taylor is looking at closings; and grocery chain Supervalu is closing its Sunflower Market chain, including its store
in Broad Ripple. Read more on Cabela's here
and here.
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Welcome to Property Lines, Indy's source for neighborhood real estate news. Your host is Scott Olson, IBJ's real estate beat
reporter. Edited by Cory Schouten.
Banking on the regional draw of outdoor retail giant Cabela's, developers have been planning more than 100 acres of
hotels, a water park, restaurants and other retail space for the southwest corner of Interstate 65 and County Line Road. All
that changes now. The Nebraska-based retailer has put the proposed Greenwood store on hold indefinitely, thanks to a rough
quarter and a bleak economic outlook. “It’s a big blow to Greenwood,� said Mark Perlstein, a partner with locally based
Sitehawk Retail Real Estate. “It takes a huge amount of momentum away from that intersection.� The decision comes on the
heels of local retail closings, followed by more closings. And Perlstein says more could be coming: Pier One plans to close about 100 stores nationwide;
Ann Taylor is looking at closings; and grocery chain Supervalu is closing its Sunflower Market chain, including its store
in Broad Ripple. Read more on Cabela's here
and here.
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So the Mayor adds another non value added layer to having a vehicle towed? Whereby the City Government RECIEVES AN ILLEGAL KICKBACK FROM A LGOISTICS COMPANY THAT SUBS THE WORK TO LOCAL TOW COMPANIES? What is the service the City performs for receiving the "tribute"? This is RICO!!!!! What a corrupt and unnecessary layer. What a dirtbag Mayor and his cronies.
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Owner occupied housing. Clear enough?
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So people think I am paranoid. It's from experience in dealing with puds requested by developers who make major donations themselves to representatives, have nice fund raisers for those running for office and hide through pac's. then there are the public relation firms. You will note some pr comments below. You there Clyde Lee? My opinion. Commercial along 421, great. Multifamily housing, terrible idea that will change the town. Senior condos or zero lot line homes west, great. I suggest keeping all entries to commercial areas at 421. All entries to owner occupied on sycamore. Will keep the traffic on sycamore down some. Two other things. You can't trust what will be there in 10 years. Steve builds quality stuff, but areas change over time. Look at the changes at the wall mart center at 86th and 421 over the last 10 years. Look at the apartments and neighborhoods behind St Vincent's. Raintree properties WILL decrease in value if commercial and multifamily goes in near. It has already been happening around the bridges area. The houses that have been sold recently are way below market. Several deals not closed due to the Illinois construction and the whole unsurety of the bridges. It's pretty simple, Zionsville will approve the whole thing because the city council has been groomed over a LONG period of time for this. I might even suggest some are in their position as a result of this.
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Esta, do you have a dog in this fight? You seem to really want to knock anyone against this project. No, I didn't move to Indiana for the architecture. I moved here for that red barn in the field. The horses and fields of corn. A place that is NOT overdeveloped. There are plenty of nearby places in Indianapolis that could be REDEVELOPED instead.
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RKW - OK, we get it, you're paranoid. The question is, are you paranoid enough? Greg - Yes, Pittman(s) is (are) at it again. They are developers, they build things. It's what they do. So when you go to work tomorrow, Greg, you're at it again too. Cliff - Really? You moved to Indiana for its progressive architecture? That's like moving to England for the cuisine. Zionsvillain - The house you moved to was once a field or woods. I'm willing to bet folks were upset when that ground was plowed under and a house was built. But I guess now that you are in, everything should stop? "My house was OK, but the next one is sprawl." SE Guy - Please don't paint us with such a wide brush. Most reasonable Zionsville residents welcome planned, measured development.
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Yes, these are tough questions, but we live in tough times right now.
With the apparent eductaion/weight quotient at seriously problematic levels in greenwood these days, may i suggest you shut down all buffets, including the Byrd's health food clinic, and make a COMMUNITY effort at living healthier, less kill stuff sports type of existences? Exercise, dieting, and less killing of animals as a sport will help pull you folks out of the 1960s.
That is all.
Please don't use such broad generalizations for a this community. I may not agree with the mentality of some of the people living in Greenwood, but that doesn't mean one should look down on these folks or lump them into a sum category. Greenwood is a decent place to raise a family, and offers a lot of home for the real estate prices.
I rest my case. Or at least my sixpack. :D
Why are you so bitchy? Don't any of the other kids want to play with you? Leave Greenwood alone you putz!
PS
Cabela's sells much more than feeshin gear and kill stuff sports supplies.
You're full of Hooey. You couldn't live too close to anyone with a different life style than yours or your head might implode. Way to go using a black expression (axe) to imply ask along with all of your red neck phrazing. Why don't you just try getting along with those that are different than you; likely 75 - 80% of the population.
What crushes me was only a tiny mention in the write-up: Sunflower's in Broad Ripple is closing. The fact that I can (could) walk to an organic grocery store is one of the few things that makes (made) me have hope for a decent quality of life in Naptown.
I'm hoping another decent grocery - A Trader Joes', even - will move in, but I don't have high hopes.
What a drag.